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<br /> durapce. Borrower �tull keep the Improvemaw+lbw�ezi�tln1or�etocted on the
<br /> property iruurod�ai�ut loa by firc.lu�uds includod within the term "extended co�er�e" +�nd+ny���. t�l��f
<br /> naod.o�n�ai��. for which Leoder roquira inwnnce.Thic inwranoe ahrll be mdot�ined in 1he�nounts md for the periods
<br /> th�t Lotde�reyuyrts. The inwaukx carrier provldin�the inwnnce shdl be cho�en by 9orrawer subja:t W Ixrnkr'x rpprov�l
<br /> whieh �full nnt be unrca�onably withheld. If Borrower f�il�to mtinUln cavemm�e doscribed �ve, L�rfer m�y. �t Lendo+''s
<br /> option.obtain covera�e to protect[.ender'c rf�htc in the Property in Aeeurdanoe with poragtrp�h 7.
<br /> AU ins��rance poticfat u�d rcnew�f� rJwll be�oceptable ta Lender and shall include a�uutidtrd mortQ+y�e clwu. I.ender
<br /> - _� - �� ihall heve the right w lwld the pc�licics�tid renewals.If Lcnder rrquins. Anrmwer ehall promptlY give ta L.encier all rcaiptc ot __
<br /> paid premiums and renewal notioer. In the avent of loss.Borrower sful!�ive prompt notice w the inwrmce c+�rrier and Laidor.
<br /> L.et�der may malce proof of loss if not made promptly by Borrower.
<br /> Unless Lender and Bocrower otherwise a�rce in wdt�ng,insurarxe procoeds stu�ll bc aPPUod to restoration or rep�ir of the
<br /> property damagod,if the rescoratlon or rep�ir is economfcAUy feASible and Lender's eecudty ia not lasonod. If the rawrotion or
<br /> repair ie not oconomically feaslble or Lender's axcudty would be lessened,the incurance proceods dwll be applied to the wm�
<br /> - securod by this Security Instcumer►t. whether or not then due. with my eacess paid to Borrow¢r. lf Borrower abandons the
<br /> property,or does nat mewer within 30 d�yc a�wtice from Lender that the insurance carrler lus offeral to settle a claim.then
<br /> L.ender may collect the iasurance proceodc. Lender may uce the pracoeds to rcpair or reswre the Property or to pay cumc
<br /> cecuued by this Secur�ty Insuument,whether or not then duc.The 30-day pedod will bcgin when the notice is givea.
<br /> Unless Lender and Borrower otherwise ogca in wrlting, any Application of pracecds to principal alwll nat extend or
<br /> poatpone the due date of the monthty payments refercod to in paragraphs I and 2 or change the Antiount of the payments. If
<br /> under puagraph 2i the Property is acquired by Lender.Bonower'e right ta any insurance poUcies and proceods resulting from
<br />_- � damage ta the Property prior to the acquisidon shail pass to Le�uler to the extent af thc cums suured by this Securlty Instrument _
<br /> � lmmodietely pr�or to the xquisition. ,
<br /> r�'�' :, (,pccupancy, Pra�ervation,Maintenpnce And Protection ot tbe Property;Borrower s i.oan Applicatton;I.es�seholds.
<br /> �� Borrowu shaU occupy,escabl(sh.and use the Property as Borrower's principal residence within sixty days after the execut�on of
<br /> � ,;��{;: this Socurity Instrument and shall continuc to occupy tho Property s�.s Barrower's pdncipal residence for at Ieast one year after -_
<br />.;�� the date of occupancy,unless L.ender otherwise agrees ln wdting,which consent shall not be unreasonably wIthheld.ar unless _
<br /> extenuating circumstances exist which are beyond Barrower's control. Barrawer shnll not destroy, damage or impair the -_
<br /> Property, uliow the Property to deteriorate, or cummit waste on thc Property. Borrower shall be in default if any forfciture �
<br /> act[on or proceading,whether civil or criminal, is begun that in I.ender's goad faith judgment could result in forfeiture of the _
<br /> + _ �. � _ P�operry or othenvise materiat(y impair the lien created by this Secur3ty Instrument or Lender's security fnterest.Borrower may _
<br /> � �`+'`� cure such a default and reinstate.ns provtded in p�uagraph 18,by causing the action or proc;cxciing to be dismiss�;d with a ruling ,,.
<br /> � ���;? � that, In I..ender's good faith determination, pru:iudes farfetturc of thc Bosroseer's fatertst �n tht Pro��ty or cuher material ,
<br /> ,, '.,t#{����;.r-.•� impairment of the lien createcl by this Securiry Instrument or I.ender's security iaterest. Borrower shall also be in default if
<br /> ��`'f•''���� � Borrower.during the loan upplication pracess,gave materially false or inaccurate information or swtements to L.ender(or faited
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<br /> ;�.�, r, to provide I.ender with any muterial info�matian)in connection wlth the loun evidenccd by the Note, including,but not limited
<br /> � '�t:�s'��,.;',~, to.reprcsentations cuncerning Borrower's occupancy of the Property us a principat residcnce. If this Security Instrument is on a
<br />� �'�'�};���` ' les�schold. Borrowcr shall comply with all thc provisions of thc lcasc. If Bor�owcr acqeires fec title to thc Property. thc
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<br /> �' .,�;�. Icusehnld and thc fee Utir tihall not mcrge unless L.endcr ugrees to the mcrger in writing.
<br /> � ha�� 7.Protdction of l.ender'x Rights in the Property.If Borrowcr fuils to perform the covenunts und agrcemcnts containai in
<br /> � this Security[nstrutnent, or therc is u lcgal proceeding thut muy significantly uffcct l.ender'r rights in thc Propery (such as a
<br /> -�' ;�"tr• • proceeding in bankruptcy,probute, for can d�:mr.ution c�r fiir fei ture or to c n ti�rc c l u w ti o r r e g u l u t i o n s),t h e n I.e n d c r m a y d o a n d
<br /> "��'���' pa y for whatever is necetitiury to protect the vulue of the Property ancl LenJer'� right� in the Propeny. I.ender's actions may
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<br /> � � " include paying any sumx secureci by a lien which har priority over this Security Instrun�ent, appearing in cou r t, payi n g _
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<br /> ' .,�.�n.,•.:.:.. .• reaconzble uttarncys'fces und entering on thc Property to make repuirs. Although Lender may takc action under this paragraph
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<br /> � ��^ r �.e��� .. � 7,Lender does not have to do so. —
<br /> r �-�.-~,> ;•.�.t�• ��t � Any amounts ditibursad by I.endcr undcr this parngraph 7 shuU bcconx additionul debt of Borrowcr secured by this �
<br /> y r��.� ` Securiry Instrumcnt. Unless Borrowcr•rnd l.cndcr agrcc to othcr tcrms of payment, these amounts shall bcar interest from the _
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<br /> ''�' .�y date of disbursement at the Note rate and shxll bc payable, with intcrest, upon notice from Lender to Borrower requcsting
<br /> . -. .. payment.
<br /> �:; ' � :���� $.Mortg�ge Incuranee.If Lender requimd mortgage insurunce as a condition of muking the loan secured by this Security
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<br /> �n..;a Instrument, Borrower shall pay the premiums required to maintain the mortgage insurancc in cffect. If, for uny reason, e
<br /> ` � `�` Y mortgage insurance covcroge required by l.ender lapxs or ccayes tci be in cffect, Bonnwer shull pay the premiums reyuirul to
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<br /> —�.i"-'��-�!� �; obtain eoverage substantially equivalent to the mortgage insuruncc previously in effect,at a cost substantiaUy equivalent to the
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<br /> ;•� .� ,1;;;;;:;� cost to Borrower of the mortguge insurance previously in effect, from un alternate mongage insurer approved by I.ender. 1
<br /> - - '�� �; substantially equivalent mortgage insurunce roverage is not uvailable,Borrower shsll pay to [.ender e:ich month u sum equul to �
<br /> ��rx+MC�c:`�> _
<br /> ., one-twelfih of thc yearly mortgage insurance premium tx:ing paid by Borrowcr whcn thc insurancc coverugc lap.�cd or ce:ucd to _
<br /> - be in effect.Lender will accept,use and retain these payments ux u loss reserve in lieu of mortgage insurance. Loss reserve v
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